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Sunday, 08/27/2023 8:55:05 PM

Sunday, August 27, 2023 8:55:05 PM

Post# of 414
SHMN

low volume walk up. year low is .0005. high is .0018. tight range. this is a relative bottom. over 1.5B shares outstanding with float of 1.25B, but barely trades. needs to do more. otoh, no dilution in more than 2 years and the chart, despite the low volume, is positive. upper bollie are widening out, and the 8ma is getting ready to cross over the 34ma. that's a positive sign. but...

interestingly enough, there's a pole run and pennant that took this (with volume) from .0008 at the start of Jan 2021 to .0147 in April of that year. from there on we have the handle down to .005, where it traded sideways and then formed the long cup to where we are now. Friday this closed outside the upper bollies. a break on the bid side of the recent high of .0012 should take this quickly towards the 100ma @ .0015 and the 200ma @ .0019. from there it looks like it goes to .003, and then fills the cup at the intermediate target of .005. of course, this is volume dependent.

fwiw, i have a small position at .0009 -- not that i know why, just that the trading fingers did their thing. hope it wasn't a mistake.

https://www.barchart.com/stocks/quotes/SHMN/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);ADX(14);ACCUM;MACD(12,26,9);SMA(50);WILLR(14,40);SMA(20);SMA(8);CHKMF(20);MFI(14,100);OBV;CHKOSC;SMA(34);RSI(14,100);RSI(6,100);STOFA(14,3);STOSL(14,3);TRIX(15)&sym=SHMN&grid=1&height=500&studyheight=100

good luck to ALL, whoever and wherever you are

from somewhere on the dark side of the moon, no cheese up here_its rich pearl

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